Universal Logistics Holdings Inc (NYSE:ULH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $23.00 target price on the transportation company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 9.79% from the stock’s previous close.

According to Zacks, “Universal Truckload is a primarily non-asset based provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. Their over-the-road trucking services include both flatbed and dry van operations and they provide rail-truck and steamship-truck intermodal support services. They also offer truck brokerage services, which allow them to supplement their capacity and provide their customers with transportation of freight not handled by their owner-operators. “

ULH has been the subject of a number of other research reports. BidaskClub raised Universal Logistics Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price target on shares of Universal Logistics Holdings in a research report on Sunday.

Shares of Universal Logistics Holdings (NYSE:ULH) traded up 1.21% on Thursday, hitting $20.95. The stock had a trading volume of 22,333 shares. Universal Logistics Holdings has a 12 month low of $11.65 and a 12 month high of $21.05. The company’s 50 day moving average price is $17.77 and its 200-day moving average price is $14.96. The company has a market cap of $595.86 million and a P/E ratio of 40.29.

Universal Logistics Holdings (NYSE:ULH) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The firm had revenue of $305.20 million during the quarter, compared to analysts’ expectations of $302.10 million. Universal Logistics Holdings had a return on equity of 7.26% and a net margin of 0.90%. On average, analysts expect that Universal Logistics Holdings will post $0.72 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of Universal Logistics Holdings during the 1st quarter valued at about $134,000. Teachers Advisors LLC increased its stake in shares of Universal Logistics Holdings by 10.2% in the 2nd quarter. Teachers Advisors LLC now owns 12,660 shares of the transportation company’s stock valued at $190,000 after purchasing an additional 1,169 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Universal Logistics Holdings in the 1st quarter valued at about $225,000. Schwab Charles Investment Management Inc. increased its stake in shares of Universal Logistics Holdings by 47.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 31,477 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 10,129 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in shares of Universal Logistics Holdings in the 2nd quarter valued at about $979,000.

Universal Logistics Holdings Company Profile

Universal Logistics Holdings, Inc, formerly Universal Truckload Services, Inc, is an asset-light provider of customized transportation and logistics solutions across the United States, Mexico, Canada and Colombia. The Company operates through two segments: the transportation segment and the logistics segment.

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